A number of other brokerages have also weighed in on GCO. Pivotal Research started coverage on Genesco in a report on Thursday, January 25th. They issued a buy rating and a $44.00 price objective on the stock. Susquehanna Bancshares reiterated a hold rating and set a $31.00 price target on shares of Genesco in a report on Tuesday, January 16th. SunTrust Banks lifted their price target on Genesco to $39.00 and gave the stock a buy rating in a report on Tuesday, January 9th. Zacks Investment Research lowered Genesco from a hold rating to a sell rating in a report on Tuesday, December 5th. Finally, TheStreet lowered Genesco from a c- rating to a d rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $37.90.
Genesco (GCO) traded up $0.15 on Wednesday, hitting $38.70. 242,233 shares of the stock traded hands, compared to its average volume of 336,416. Genesco has a 12-month low of $20.90 and a 12-month high of $63.50. The company has a current ratio of 2.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $770.63, a P/E ratio of -6.11, a P/E/G ratio of 1.19 and a beta of 1.32.
Genesco (NYSE:GCO) last issued its quarterly earnings results on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. During the same quarter last year, the company posted $1.28 EPS. Genesco’s quarterly revenue was up .8% compared to the same quarter last year. research analysts expect that Genesco will post 3.07 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Genesco by 4.2% in the 4th quarter. BlackRock Inc. now owns 2,534,649 shares of the company’s stock valued at $82,376,000 after acquiring an additional 102,787 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new position in Genesco in the 4th quarter valued at about $42,811,000. Fuller & Thaler Asset Management Inc. grew its position in Genesco by 0.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 909,846 shares of the company’s stock valued at $24,202,000 after acquiring an additional 3,578 shares in the last quarter. Legion Partners Asset Management LLC acquired a new position in Genesco in the 4th quarter valued at about $26,777,000. Finally, State Street Corp boosted its stake in shares of Genesco by 12.4% in the 2nd quarter. State Street Corp now owns 648,235 shares of the company’s stock valued at $21,977,000 after buying an additional 71,541 shares during the period. 99.24% of the stock is owned by institutional investors.
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Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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